30) Oleke Manufacturing borrowed $20,000 from Second National Bank on January 1. The note is for 9 months with all interest due at the end of the note. The bank is charging the company 9% interest. What adjusting entry is necessary for Oleke Manufacturing on January 31?

A) Interest expense 150

Accrued interest payable 150

B) Interest expense 150

Notes payable 150

C) Interest expense 200

Accrued interest payable 200

D) Interest expense 200

Notes payable 200